Successive weaker tianshan textile finally out of the loss of the shadow. Today, tianshan textile published 2010 annual report showed that the company's main business income of 28,934.38 million yuan, total profit for 598 million yuan.
However, although tianshan textile business profits last year, but also take just iata 73 million yuan broke even. 598 yuan in total profit, the company to get government subsidies were 585 yuan, accounting for 97 per cent of the total. Among them, the light is 437.68 yuan social assistance has accounted for a company profit total of 7 percent.
The government subsidies 585 million yuan
Tianshan textile belong to textile industry, main cashmere yarn, cashmere sweater, woolen sweater and blending unlined upper garment production and marketing. Main products are exported cashmere fiber, cashmere yarn, are mainly exported to America, Europe, Japan and other regions. The domestic market mainly in the northwest, the northeast, north China, east China area.
Report period, tianshan textile advocate business wu income 28,934.38 million yuan, including export income 14,568.47 yuan, domestic income 14,365.91 million yuan.
Tianshan textile securities transaction represents ZhaoWeiGuo has said that last year by financial crisis influence, textile industry development is bad, but now the situation is improving, but the future is subject to internal and external conditions, the textile industry profit is rather thin.
"High stock" eat "low cash"
Although tianshan textile 2010 meager profit, but it and not restrict the development of the company. By 2010, the company's annual report showed short-term borrowings from late 2009 0.4 billion by 2010 year-end increase to 160 million.
Meanwhile, the company's financial expenses for 512 yuan, compared with the same period last year's 273 million yuan, has increased nearly doubled. According to professional accountants analyze, at the company's financial cost multiplied at the same time and the company income scale but no corresponding growth, and thus, the company's financing area is relatively nervous.
BNP paribas, tianshan textile business activities generated cash flow of net - 40,294,865 yuan, year 211.85% year-on-year reduce.
The above accountants analyze, inventory gains is caused the company to the main factors of funds. From the balance sheet, which can be seen in stock 196 billion yuan, up earlier than 1.4 billion yuan, an increase of more than 5,600 million. Among them, the company hoarding raw material up to 100 million yuan, the write-down 682 million yuan.
As is known to all, last year's "mad" cotton textile cost rises again and again, make even today so far, the price of cotton still up.
Tianshan textile, said 2011 will management work focus on domestic market and brand expansion. To increase sales terminal building and brand promotion input, integrated company of industrial chain.
From reports visible, tianshan textile funds presents tension, but the company and not giving up to continue investment mean. Tianshan textile says, 2011 need the acquisition of raw materials and implement different relocation "tianshan textile industrial park" project, total 4 billion yuan, Mainly through bank loans to solve.
In the short term loan surge 4 times, under the situation of tianshan textile through bank loans still wants to invest up to 4 billion yuan project, light is interest is a kind of burden. Although tianshan textile statements unsatisfactory, but gratifying is, tianshan textile restructuring plan has been CSRC entertained. At present, the China securities regulatory commission on company administrative licensing application materials is still in the audit.
Source "of Chinese textile net"
Author: masking months editing: HongZhen